UK fintech startup CoInvestor has secured £1.1m in a new seed round and added a new member to its advisory board.
The company, which runs an online co-investment platform for alternative assets, started operations at the end of 2015 and had its official launch six months ago.
The startup has already received backing from a number of heavyweights in the alternative assets investment space including Oxford Capital, MMC Ventures, and Chelverton Asset Management.
Around 60 per cent of the newly-raised capital was provided by existing individual and corporate investors and rest came from new backers.
Having already done a major upgrade of its platform, CoInvestor plans to spend the fresh funds to further expand its team as well as support new product development.
Earlier this year, after its previous funding round, CoInvestor welcomed Jonathan Polin, group chief executive of wealth management firm Sanlam UK, to its advisory board.
This time around the firm has appointed Ian Peacock, the UK and Ireland head of online trading major IG Group, as new member of the board.
CoInvestor’s platform is designed to help private individuals co-invest on a deal-by-deal basis alongside leading alternative asset fund managers.
The firm which was founded by Charles Owen has appointed former Livingbridge fund manager Sam Plumptre as chief executive and Matthew Peacock, founding Partner at Hanover Investments, as non-executive Chairman.
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